Wednesday, May 5, 2010

Ford financial continues Henry Ford’s vision of his automobiles to more people

Since 1908 Henry Ford has been known as the first automaker to offer his products to the masses. The Model T was not the first car produced in America it was not even the first car made by Ford. The Ford Model T was however the first automobile to be produced via assembly line. Henry Ford realized the economies of scale would more than make a profit and allowed more Americans to be able to own automobiles.
What was once a revelation is now commonplace. Now Henry Ford’s vision of the assembly line can be seen in most any corporate automakers plant. Ford kept to Henry Ford’s vision even after his passing. In 1959 Ford introduced Ford Financial. Ford financial added a competitive advantage to Ford that would soon be followed by competitors. Since Ford sold auto mobiles that were often more than a middle class family could afford to purchase outright, it made sense for Ford to create its own financing company to place its cars in more hands. Since its creation Ford Financial has helped Ford sell over 50,000,000 vehicles.

1 comment:

  1. Great job, the financial arm has been key to many of these businesses, until some fooled themselves into thinking that they were actually financial companies. Looks like that delusion is past at least...

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